Management Science

Management science is an inter-disciplinary field that deals with problem solving and decision making in human organizations. It is closely associated to various fields such as economics, engineering, management consulting, etc. It makes use of scientific research based principles and strategies. It also makes use of analytical methods such as mathematical modeling, statistics and numerical algorithms. Management science applies all these methods and strategies for improving the ability of an organization to enact rational and accurate management decisions by providing optimal or near optimal solutions to complex decision problems. Some of the areas where concepts from this discipline are applied are manufacturing, airline industry, service organizations and military branches. This book is compiled in such a manner, that it will provide in-depth knowledge about the theory and practice of management science. The topics included herein on this subject are of utmost significance and bound to provide incredible insights to readers. For someone with an interest and eye for detail, this book covers the most significant topics in this field.